We wrap up our mini-series of episodes on how to do your own sourcing from China today.
Sofeast's CEO Renaud Anjoran has talked you through every stage of the sourcing process, from finding suitable suppliers, negotiating, getting your products manufactured, and building lasting relationships with them. The final topic focuses on improving existing supplier performance, in particular: How to keep their costs under control.
If their costs are lower, your costs are lower...
By the way, this is part 9 of 9 of this mini-series, and if you want to go back and listen to every earlier part of this series check out the links below.
Show Sections
00:00 - Greetings
00:58 - Brief recap of last week's episode about the EU Ecodesign regulation
You can listen to both parts on this topic here (Part 1) and here (Part 2).
04:31 - Why should we be concerned about our suppliers' costs?
07:45 - Who may be able to influence their supplier to undertake work to take control of costs.
10:28 - Using sourcing as a tool to control costs.
How factory owners or key customers can get their/their supplier's costs under control?
12:48 - 1. You find out what is driving their costs by visiting.
15:47 - 2. Stop buying in large quantities and making large batches.
21:39 - How to make suggestions to the supplier that they will listen to.
26:34 - 3. Tackle manufacturing aspects that are hidden costs.
29:21 - 4. Find hidden office costs.
35:11 - How does India differ from China?
36:44 - Summarising keeping costs under control.
38:11 - Mini-series wrap-up.
Related content...
These resources will also help you understand how to build relationships with suppliers or improve (or end) those that you already have:
And, if all else fails and you need to ditch your current supplier and switch to a new one...
Get in touch with us
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Project management & checking quality early in production - Sourcing from China (Part 3)
Preparing For Chinese New Year 2022 Disruption
What Are The Main Risks To Your Product IP?
The Importance Of Setting Up A Good Reliability Testing Plan (feat. Andrew Amirnovin)
Why Are US Logistics Under So Much Strain? + E-commerce Challenges (feat. Marshall Taplits)
How design authority leads to product safety liability (feat. Clive Greenwood & Andrew Wilson)
Is ‘Right To Repair‘ a headache or opportunity for manufacturers?
Negotiating terms, leverage over suppliers, and describing your needs - Sourcing from China (Part 2)
What Is The Cost Of Poor Quality? (feat. Clive Greenwood & Max Phythian)
China‘s ‘Power Crunch‘ - What‘s Causing It & How Does It Affect Importers?
The First To Market Fallacy For Made-In-China Products
Exploring Product Design & NPI Process Best Practices For A New Product (feat. Andy Bartlett)
What Are The New Product Development Deliverables?
Identifying suppliers, verifying them, & cultivating ‘backups.’ - Sourcing from China (Part 1)
How To Push A Supplier To Move To Zero Defects? (feat. Clive Greenwood & Max Phythian)
5 Challenges Importers Face When Preparing For 2022
Is Mexico A Credible Alternative For Importers From China?
Four Options For Sourcing From China & Sourcing Best Practices
Clive Greenwood | What Does The EU Medical Device Regulation Tell Us About Compliance's Future? Be Afraid!
Rico Ngoma | What A New Buyer On A Small Budget Should Know Before Buying From China
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